Economics
ECB Inflation Risks Mount as Prices Drop More Than Forecast
- September consumer prices fall annual 0.3%, more than expected
- Reading comes as debate about more ECB stimulus picks up pace
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Consumer prices in the 19-nation euro area fell more than economists forecast in September, keeping up pressure on the European Central Bank as it debates whether to add stimulus to support the recovery from the coronavirus recession.
The inflation rate came in at -0.3%, slightly below the median estimate in a Bloomberg survey. Prices for services were a particular drag in September, with some food and energy also cheaper than during the previous month. Core inflation fell to a record-low 0.2%.